Question: A loss for a company has moment generating function M(t) = 0.16/(0.16-t), t < 0.16. An insurance policy pays a benefit equal to 70%

A loss for a company has moment generating function M(t) = 0.16/(0.16-t), t < 0.16. An insurance policy pays a benefit equal to 70% of the loss. What is the moment generating function of the benefit?

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